51 Pearl StAlbany, NY 12207

For Sale
$350,000

Turn-key operation, high-traffic location, great potential.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional opportunity presents a fully operational restaurant and bar located at 51 S Pearl St, Albany, NY 12207. Priced at $350,000, this 3,655 square-foot establishment boasts a prime location in Albany County, benefiting from significant foot traffic generated by major area events. Built in 1990, the property sits on a 7.4-acre lot and includes 2 parking spaces. The interior features a well-equipped commercial kitchen, attractive furniture and fixtures, and a stunning fully stocked marble wrap-around bar. An upstairs area with a second bar provides a versatile space ideal for private events, while an outdoor cafe expands seating options. The main restaurant and bar area can accommodate up to 250 guests, with a seating capacity of 204, including 30 bar stools. The lease is modified and fully assignable. This turnkey operation offers immediate revenue potential, making it an attractive investment for experienced restaurateurs or event management firms. Detailed equipment lists and historical/projected revenue data are available upon request. This is a rare opportunity to acquire a well-established business in a high-demand location.

Highlights

  • Turnkey restaurant and bar for sale at $350,000.
  • 3,655 square-foot building on a 7.4-acre lot in Albany, NY.
  • Prime location with high foot traffic, near major events.
  • Includes a fully equipped commercial kitchen, attractive FF&E, and a marble bar.
  • Upstairs space ideal for private events, plus outdoor cafe seating.
  • Seats 204, plus 30 bar stools; capacity for 250 guests.

Property Details for 51 Pearl St

Property type
Other retail properties, Investment properties
Square Feet
3,655 SF
Year Built
1990
Lot Size (sq. ft)
322,344 SF

Location Insight

City
Albany
County
Albany
State
New York
Latitude
42.6484642
Longitude
-73.7549566
51 Pearl St, Albany, New York

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51 Pearl St
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